ICTSI sees big life from terminal operations
MANILA-based International Container Terminal Services, Inc. has posted a 15% increase in revenue from port operations in 2024 to US$2.74 billion, well up from 2023’s US$2.39...
No stopping North & East Asia rates slide
WITH China-Australia rates in something like freefall since the first week of January and other Asian trades gradually following suit, carriers are rushing to try more GRIs, rate...
CMA CGM: Strong 2024 but “prudent” outlook
CMA CGM Group on Friday [28 February] reported full-year 2024 revenue stood at USD 55.5 billion, a 18.0% year-on-year increase that was led by the performance of the group’s...
Predicted rate avalanche gathering momentum
THE SHARP downturn in Asia-Australia rates, more dramatic from North & East Asia than from South East Asia, has prompted more leading lines to hit the ‘restoration’ button, mostly...
World Container Index - 20 February 2025
DREWRY’S World Container Index decreased 10% to US$2795 per 40-foot container this week. The index is now 73% below the previous pandemic peak of US$10,377 in September 2021 and...
No blockbuster 2024 for Hapag-Lloyd
HAPAG-Lloyd’s sturdy fourth quarter helped its 2024 results to slightly higher or roughly even levels, according to results released in Hamburg overnight. On the basis of...
Local liner trade update: Extra loaders
AHEAD of the usual Lunar New Year service blankings several carriers have added extra-loaders from China to Australia with overflow cargo. TS Lines is continuing a program that...
DP World and NSW Ports to expand Port Botany rail capacity
DP WORLD and NSW Ports have announced a co-investment of $400 million to expand the rail terminal at Sydney’s Port Botany. The move will see capacity at the improved facility more...
ICS launches new helicopter operations guide
THE INTERNATIONAL Chamber of Shipping has released the sixth edition of its Guide to Helicopter/Ship Operations. The ICS considers the guide an essential resource for masters,...
South Aust celebrates new Asia link
THE NEWBUILDING 1800 TEU MSC Sijing sailed out of Port Adelaide’s Outer Harbour this morning after making the first call on MSC’s extended Koala Service, thus restoring South...
DP World hits 100 million TEU capacity milestone
DP WORLD has hit a milestone of 100 million TEU of container handling capacity across its global operations. The terminal operator announced the achievement this past week, citing...
World Container Index - 10 January 2025
DREWRY'S World Container Index increased by 2% to US$3986 per 40-foot container this week, continuing several weeks of increases. The current index is 62% below the previous...
US Military blacklists COSCO
COSCO Shipping Lines has responded to its recent inclusion on a United States Department of Defence (DoD) “blacklist”. On 7 January, DoD released a list of “Entities Identified as...
MEDLOG adds to its Webb
MEDITERRANEAN Shipping Company’s landside transport and logistics arm MEDLOG has continued its rapid expansion in Australia, launching a second empty container park (ECP) in the...
ILA, USMX reach tentative agreement on new contract
A SECOND United States port strike looks to have been avoided, as the International Longshoremen’s Association (ILA), and United States Maritime Alliance (USMX) announce they have...
